India

For the first time the State government this year presented a Gender Budget Statement as part of the annual budget documents, quantifying the allocations that will benefit women during this fiscal.

The statement appears as the last chapter in the appendices to the Budget documents published by the Finance Department and tabled in the Assembly on March 15. The Budget speech by Finance Minister O. Panneerselvam did not mention it.

India is one of the world’s emerging economies, with impressive economic growth. While this growth has increased the income of a very small section of the population, India has the largest number of poor people in the world. The country has the world’s third largest number of billionaires and still millions of children are out of school; many millions of children do not live to the age of five; many millions of mothers die in childbirth. Despite economic growth, the country faces challenges of social and economic inequalities, urban-centred economic growth and shrinking civic spaces. While economic growth indeed made a difference to the large middle class, it is yet to ‘trickle down’ to rural poor, farmers and a vast number of poor and marginalized people, including Dalits (Scheduled Castes) and Adivasis (Scheduled Tribes) , which make up 25 percent of the population. The environment is under increasing stress and there is a vibrant discussion about the consequences of mining and other disruptive activities on forests and environment and the implications for climate change. On the one hand, economic growth provides resources for greater investment in achieving the Sustainable Development Goals (SDGs), and on the other, the urban-centric growth model, and increasing instances of crony capitalism also result in rising inequality and shrinking democracy and civic spaces and pose a challenge to effectively realize the 2030 Agenda and its SDGs.

In this paper Amitabh Behar talks about the ‘golden threads’ of global development versus the ‘poison threads‘, the latter according to Behar are the real causes of endemic poverty, growing inequality and exclusion.

‘The global leadership and the UN face the sizable challenge of making a historic choice between continuing the legacy and hegemony of neoliberalism or of weaving together a “new deal” which is truly transformative and puts the poor and ordinary citizens at the center’, says Behar in the paper.